State Insurance Chief Says Cannabis Industry Has Insurance Option

“State Insurance Chief Dave Jones announced May 16 that he has approved a new product liability and product recall program for the cannabis industry. Offered by Continental Heritage Insurance Company, it provides product liability and product recall coverage against claims arising from commercial cannabis activity for licensed businesses in California.

The newly approved program offers coverage to businesses with the following license types: Cultivator, Manufacturer, Distributor, Retail and Medical. Laboratory testing licenses are not eligible for this program.“